Page 3 Advertisements Column 5

Ashburton Guardian, Volume V, Issue 1556, 15 June 1885, Page 3

Business Kol WAR WITH RUSS! sent juncture it n for any one exe.pt a highest rank to say whe present negotiations betw« Russia will lead to a go war, or whether they wi. The absence of full inform is transpiring between th may indicate that the pc blowing harmlessly past; the awful silence ffhichgei a storm. In either case, prepared for the worst, breaks out the price of nea of commerce will rise, commodities, wool and lal Now is the time, therefoi stock of clothing, before i vance begins. In order thi be caught napping we have a Splendid Assortment of and other mateiaila neces equipped tailoring establi wo are prepared to offer at prices for cash. Regarding it is almost needless for ua overbody knows, viz, that tiffc mode of cutting, and i oised by us in fitting the fi

In consequence of the firm of J. MEECH & Co., of Ashburton, Furniture Dealers, having been dissolved, and in order to facilitate a settlement between JOHN MEECH (who takes over the business) and his retiring partner, a CHEAP SALE will commence from today, of the whole of the stock of well seasoned furniture of all kinds, ironmongery, crockery, etc., will be cleared out at HALF-PRICE. All debts owing must forthwith be paid to J. C. DUNCAN agent, or to JOHN MEECH ; either of whose receipts will b a sufficient discharge. Funerals conducted at extremely mode rate charges. PROSPECTUS OP THE Ashburton woollen manu. FACTORING COMPANY (LIMITED). (To be Registered under the Joint Stock Companies Act, 1882.) Capital LSO.OOO (with power to increase to L&<>,000), divided into shares of L 5 each. Provisional Directors— George H. Greenwood (Chairman) T Bullock, J.P., E. G. Crisp, Geo. Coleman J. Chalmers O. T. Dudley, J.P. O. Die by H. Friedlander,J.P. JohnGrigg, M. H.R. O. J. Harper, J. C. G. Hawdon, J.P. A. Harrison G Jenkins Geo. Jameson on. J. McLean J. Orr C. W. Purnell Dr Ross G. Scott D. Thomas H'. G. Wright D. Williamson J. Ward Robert Wilkin, J.P. Bankers—Bank of Australasia. Solicitor—O. W. Purnell. Secretary—Alfred Bunting.

The Provisional Directors, having arranged for the purchase of the ■ land, buildings, and woollen manufacturing machinery lately belonging to the Ashburton Woollen Factory Company, have decided to form a Company for the purpose of completing the work and commencing the. manufacture of woollen goods as early as possible. (a) The section of land on which the buildings are erected faces the main road from Ashburton to Mount Somers, and contains seven acres of freehold, distant miles from the Ashburton railway station, and in every way well suited to the purpose for which it has been selected. (fi) The buildings, which are of brick and exceedingly well built, include engina-house, boiler-house, dryingroom, main mill-room (200 ft x 80ft), mechanic’s shop, woolshed, dyehouaeatorercoms and offices. (c) The machinery includes 36-h. p. engine and boilers, wool-scouring machines, scribblers and condensers, mules, twisting frame, looms, milling and finishing machinery, all quite new and of the latest English design. The land, buildings and machinery are offered to the public for L 5.500 (being LB,OOO less than the actual original cost). To connect the shafting with the engine and machinery, which is now being done, and to put the whole into thorough working order, an expenditure not exceeding LIOOO may bo required ; the Company will then have a Factory complete in every respect, fitted with the most modern appliances, at two-thirds less cost than any other Company in the colony ; the total cost not exceeding L 6,500. Mr Greenwood, who is at present acting as chairman, has had large experience in the manufacture of woollen goods in England and is well acquainted with the requirements of the colony. Under his supervision the machinery is being placed in position, to be ready for active operations when the next clip of wool oodles to hand in October next.

Other factories in the colony, started under much less favorable auspices, are I now paying with regularity dividends of 10 per cent, as well as placing substantial amounts to the r respective reserve funds. It is, therefore, with much confidence the Provisional Directors recommend the undertaking to the public as a thoroughly sound and safe investment. The Provisional Directors have already subscribed for LIO.OOO worth of shares, and now invite, applications for the remainder. Five shillings per share will be payable on application ;sgnve shillings per share on allotment; an fibe balance will be called up as ocoaaiod tay require, at the rate of five shillin mper share, at intervals of not less than two months. Applications for shares will be received by any of the Provisional Directors, the Company's bankets, or by the Secretary